Gainesville Developer Trimark Properties Receives $22M Refinancing for Apartments near UF

GAINESVILLE, FL - Commercial real estate developer and property management company, Trimark Properties, headquartered in Gainesville, FL, settled a $22M deal in 2016 for refinancing of three of its popular student apartments near UF.

Arranged by Paul Ahmed of Walker & Dunlop through JP Morgan, the refinancing deal decreased Trimark’s interest rate and secured 10-year fixed-rate financing for the successful real estate company who continues to dominate the niche luxury student housing market in Gainesville.

“Trimark Properties continues to push the boundaries of typical student housing with their luxury apartments near the University of Florida campus,” commented Paul Ahmed. “Their ownership’s commitment to making their properties best-in-class, as well as their commitment to unparalleled service, will continue to attract new tenants to the building. JP Morgan’s ability to replace the current loan and reduce their current interest rate really helped them win the deal.”

The three apartments which were refinanced, Savion Park, Tuscana and Solaria Luxury Apartments, together claim an impressive 114 units and 157,000 square feet of living space just three blocks away from the University of Florida campus, positioning the luxury apartments as ideal candidates for the refinancing agreement.

Leasing up to full capacity every year, Trimark’s apartments are constantly in high-demand for the nearly 50,000 students residing in the Gainesville area due to their close proximity to the University of Florida campus and their upscale amenities. Featuring a reputation for excellence in resident service, groundbreaking modern architectural designs, and decades of experience in Gainesville’s student housing and commercial real estate market, Trimark’s apartments set a high standard for student living in Gainesville.

In addition to luxury apartments in the Gainesville area, Trimark also features affordable apartments, fully-renovated historic houses, and commercial real estate spaces for businesses.